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Luo Yonghao quits “make a friend” capital institutions immediately quit

Andrew 06/22/2022 3 min read

The Tianyancha App shows that recently, Chengdu Xingkong Yewang Technology Co., Ltd., the parent company of Make Friends, has undergone an industrial and commercial change. Shanghai Fengrui Venture Capital Center (Limited Partnership), Chengdu Tianfu Qianshi Equity Investment Partnership (Limited Partnership), Tianjin Yubitu Technology The partnership (limited partnership) withdrew from the original shareholders, and the company’s registered capital was reduced to about 1,877,600 yuan.

Source: Tianyancha

Chengdu Xingkong Yewang Technology Co., Ltd. was established in April 2020. The founder of Make Friends, Huang He, holds about 68% of the shares. He is the suspected actual controller and serves as the legal representative, chairman and general manager.

From the beginning of the “Make a Friend” live broadcast, it has always emphasized that the IP of making a friend is not Luo Yonghao’s personal IP.For example, every time Lao Luo starts broadcasting, he will say, “Welcome everyone to the Make a Friend live broadcast room. Everything in the Make a Friend live broadcast room is guaranteed to be true, and you will lose ten if you fake it.”

From the second half of 2021, Luo Yonghao began to cultivate new anchors and weaken his sense of existence. Not only in terms of external publicity, but also the brand IP of “making friends” is emphasized, and during the live broadcast, Luo Yonghao will arrange different new anchors and their partners, so that the former will be “familiar” in the live broadcast room.

Huang He, the founder of Make a Friend, once said, “Make a friend and leave Lao Luo, and keep going.”

Since then, Luo Yonghao has quickly advanced the process of fading out and making friends.

On June 2, Luo Yonghao’s live broadcast room was officially renamed “Make Friends”. Just 10 days later, Luo Yonghao posted on Weibo that he would officially withdraw from all social platforms and bury himself in business again.

On June 13, Make a Friend officially confirmed that Luo Yonghao’s Weibo will be renamed “Make a Friend Live Room”. At the same time, Luo Yonghao has re-registered the “Product Manager Luo Yonghao” account for “business exchanges and rumors”.

And this also officially announced that Luo Yonghao and making friends are “destined to end here”.

Fengrui Capital, which has withdrawn from the ranks of shareholders of the parent company of making friends, has a close relationship with Luo Yonghao. The Tianyancha App shows that Shanghai Fengrui Venture Capital Center (Limited Partnership) is owned by Shanghai Ziyou Investment Management Co., Ltd., and the actual controller is Li Feng.

It is reported that Li Feng, the founder of Fengrui Capital, once had a working experience with Luo Yonghao in New Oriental.

And this also reflects from the side that Fengrui Capital’s previous investment in “making a friend” was most likely aimed at Luo Yonghao personally.

It is worth mentioning that in November 2020, Sunway, an A-share listed company, announced that it planned to acquire 40.27% of the equity of the parent company of “Make Friends” for 589 million yuan, with a premium rate of 2819.13%. At this time, the company has just been established for half a year, and Luo Yonghao’s personal charm is evident.

However, just one month later, Sunway issued another announcement, announcing the termination of the acquisition plan.

In just two years, the acquisition of the listed company was terminated, and Luo Yonghao also left to “make friends”. Therefore, it is not difficult to understand that many investment institutions have withdrawn from the ranks of shareholders of the company at the same time.

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